From Freddie Mac’s weekly survey: This week the 30-year fixed averaged 3.43 percent, 2 basis points better than last week’s 3.43 percent. The 15-year fixed averaged 2.74 percent, also two basis points better than last week’s 2.76 percent.
The Mortgage Bankers Association reports a 4 percent decrease in loan application volume from the previous week.
Source, OC Register, August 19, 2016
WHAT'S UP WITH MORTGAGE RATES? We asked one of our preferred lenders, Darren McLellan:
CURRENTLY: Locally, well-qualified borrowers can get the following conventiional fixed rate loans with zero cost: 15-year at 2.75 percent, 20-year at 3.125 percent; 25- and 30-year at 3.375 percent; high balance ($417,001 to $625,500 loan amounts): 15-year fixed at 2.875 percent; 30-year fixed at 3.625 percent.
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1961 San Remo Drive
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